Tag Archives: Scams

AI-Powered Scams Devastates Seniors, Draining Billions

AI-Powered Scams Devastates Seniors, Draining Billions

A sophisticated scam, supercharged by artificial intelligence, is targeting senior citizens across the United States, leaving many financially ruined. Known as the Phantom Hacker Scam, this fraudulent scheme has siphoned over $1 billion from victims since 2024, with seniors bearing the brunt of its devastating impact. The FBI’s Los Angeles field office issued a stark warning via X, emphasizing that …

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CR7 memecoin hits $140 mln market cap, rugpulled: ‘Crypto never sleeps, but scams run faster’

CR7 memecoin hits 0 mln market cap, rugpulled: ‘Crypto never sleeps, but scams run faster’

Key Takeaways Cristiano Ronaldo’s rumored CR7 memecoin caused a frenzy before collapsing in a rugpull, showing how easily celebrity names are exploited in crypto scams. After a whirlwind of celebrity-backed memecoins in 2024, some skyrocketing in popularity while others collapsed into outright scams, the trend is showing no signs of slowing down in 2025. Big names continue to pour into …

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New York claims Zelle’s shoddy security enabled a billion dollars in scams

New York claims Zelle’s shoddy security enabled a billion dollars in scams

New York Attorney General Letitia James is suing the banks behind Zelle over claims that their payment platform enabled “massive amounts of fraud” that caused customers to lose more than $1 billion between 2017 and 2023. In the lawsuit, James alleges Zelle was rushed to market, resulting in a design that made the platform “an obvious conduit for fraudulent activity.” …

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Steve Wozniak on fighting internet scams

Steve Wozniak on fighting internet scams

At the Computer History Museum in Silicon Valley, the exhibits chart how technology got to where it is today. And there could be no better guide to this history than Steve Wozniak, co-founder of Apple. In 1976, Wozniak built the Apple 1, and from that he and Steve Jobs built a company. “Incredible times,” said Wozniak. “Just came on down …

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Scams and a Rent Spike Follow New York City’s New Broker Fee Law – The New York Times

Scams and a Rent Spike Follow New York City’s New Broker Fee Law  The New York Times Renter-paid broker fees go away Aug. 1. Here’s what that means for Mass.  MassLive Edwards: Sigh of relief from overtaxed renters  Boston Herald New ban on broker fees for renters playing to mixed reviews  Massachusetts Lawyers Weekly Will banning broker fees help renters in New York and …

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